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According to the latest research, the global Aluminum Alloy Wheels market size was valued at USD XX million in 2022 and is expected to expand at a CAGR of XX% during the forecast period, reaching USD XX million by 2028.
Many wheel rims are made of cast aluminum because their alloy is light and strong. The aluminium alloy used for the wheels usually contains 97% aluminium. Pure aluminum is too soft, so a second metal is added to provide durability.
Many major automobile manufacturers across the globe are introducing self-driving cars with aluminum wheels to improve stability and performance. Asia Pacific leads the market with a market share of nearly 48%, followed by Europe, North America, and South America. The dominance of the Asia-Pacific region can be attributed to the highest number of potential first-time buyers of passenger and commercial vehicles. The global automotive aluminum alloy wheels market, is expected to grow at a CAGR of around 2.5% over the next five years to reach USD 14.7 billion by 2024.
Aluminum wheels are lighter than steel wheels and enhance the performance and handling of the vehicle. With the growing demand for light vehicles, many suppliers are offering lightweight aluminum wheels.
This report elaborates on the market size, market characteristics, and market growth of the Aluminum Alloy Wheels industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Aluminum Alloy Wheels. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Aluminum Alloy Wheels Market Report Include:
Market Size Estimates: Aluminum Alloy Wheels market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Aluminum Alloy Wheels market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aluminum Alloy Wheels market
Segment Market Analysis: Aluminum Alloy Wheels market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Aluminum Alloy Wheels market situations and prospects in major and top regions and countries
Aluminum Alloy Wheels Market
Aluminum Alloy Wheels Industry Chain: Aluminum Alloy Wheels market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Aluminum Alloy Wheels Industry News, Policies by regions
Aluminum Alloy Wheels Industry Porters Five Forces Analysis
Key players in the global Aluminum Alloy Wheels market are covered in Chapter 2:
Topy Group
Zhongnan Aluminum Wheels
Uniwheel Group
Zhejiang Jinfei
Anchi Aluminum Wheel
Yueling Wheels
Iochpe-Maxion
Kunshan Liufeng
Guangdong Dcenti Auto-Parts
Wanfeng Auto
Alcoa
CITIC Dicastal
YHI International Limited
Accuride
Ronal Wheels
Borbet
Enkei Wheels
Superior Industries
In Chapter 6 and Chapter 9, on the basis of types, the Aluminum Alloy Wheels market from 2018 to 2028 is primarily split into:
Casting
Forging
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Aluminum Alloy Wheels market from 2018 to 2028 covers:
Passenger Vehicle
Commercial Vehicle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Aluminum Alloy Wheels market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Aluminum Alloy Wheels industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Aluminum Alloy Wheels market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Aluminum Alloy Wheels industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Aluminum Alloy Wheels market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Aluminum Alloy Wheels market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Aluminum Alloy Wheels market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Many wheel rims are made of cast aluminum because their alloy is light and strong. The aluminium alloy used for the wheels usually contains 97% aluminium. Pure aluminum is too soft, so a second metal is added to provide durability.
Many major automobile manufacturers across the globe are introducing self-driving cars with aluminum wheels to improve stability and performance. Asia Pacific leads the market with a market share of nearly 48%, followed by Europe, North America, and South America. The dominance of the Asia-Pacific region can be attributed to the highest number of potential first-time buyers of passenger and commercial vehicles. The global automotive aluminum alloy wheels market, is expected to grow at a CAGR of around 2.5% over the next five years to reach USD 14.7 billion by 2024.
Aluminum wheels are lighter than steel wheels and enhance the performance and handling of the vehicle. With the growing demand for light vehicles, many suppliers are offering lightweight aluminum wheels.
This report elaborates on the market size, market characteristics, and market growth of the Aluminum Alloy Wheels industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Aluminum Alloy Wheels. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Aluminum Alloy Wheels Market Report Include:
Market Size Estimates: Aluminum Alloy Wheels market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Aluminum Alloy Wheels market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aluminum Alloy Wheels market
Segment Market Analysis: Aluminum Alloy Wheels market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Aluminum Alloy Wheels market situations and prospects in major and top regions and countries
Aluminum Alloy Wheels Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Aluminum Alloy Wheels Industry Chain: Aluminum Alloy Wheels market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Aluminum Alloy Wheels Industry News, Policies by regions
Aluminum Alloy Wheels Industry Porters Five Forces Analysis
Key players in the global Aluminum Alloy Wheels market are covered in Chapter 2:
Topy Group
Zhongnan Aluminum Wheels
Uniwheel Group
Zhejiang Jinfei
Anchi Aluminum Wheel
Yueling Wheels
Iochpe-Maxion
Kunshan Liufeng
Guangdong Dcenti Auto-Parts
Wanfeng Auto
Alcoa
CITIC Dicastal
YHI International Limited
Accuride
Ronal Wheels
Borbet
Enkei Wheels
Superior Industries
In Chapter 6 and Chapter 9, on the basis of types, the Aluminum Alloy Wheels market from 2018 to 2028 is primarily split into:
Casting
Forging
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Aluminum Alloy Wheels market from 2018 to 2028 covers:
Passenger Vehicle
Commercial Vehicle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Aluminum Alloy Wheels market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Aluminum Alloy Wheels industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Aluminum Alloy Wheels market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Aluminum Alloy Wheels industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Aluminum Alloy Wheels market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Aluminum Alloy Wheels market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Aluminum Alloy Wheels market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
